Sri Lanka's foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec to fast-track a proposed $3.7 billion oil refinery in its southern port city of Hambantota.

As Sri Lankan President Dissanayake meets Xi Jinping in Beijing, a look at China’s economic grip on Sri Lanka’s economic sovereignty, and the goodwill that India has shown towards its southern neighbo

Sri Lankan President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September

Sri Lanka and China did not mention the end of the former's moratorium on visits by foreign research vessels but indicated commitment to ‘maritime cooperation’.

China and Sri Lanka have agreed on more investment and economic cooperation, after China's President Xi Jinping met recently elected Sri Lankan President Anura Kumara Dissanayake in Beijing on Wednesday.

Xiong Hongfeng, a manager at China Harbour Engineering Co, said that the project, once completed, is expected to attract nearly $15 billion in foreign direct investment, increase the Sri Lankan government's fiscal revenue by $5 billion, and create over 400,000 high-quality local jobs.

BEIJING: Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday (Jan 16). Sinopec has agreed to invest US$3.

Sri Lanka and China are ushering in a new chapter in bilateral relations,” Sri Lankan President Anura Kumara Dissanayake has said in an interview with Xinhua

The new deals ‘signal a deepening of China’s influence in Sri Lanka’ and revive concerns of a debt trap, analysts say.

China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability,

The leaders of Sri Lanka and China have agreed to promote bilateral economic cooperation through Beijing's Belt and Road initiative that aims to build a massive economic zone. Sri Lanka's ...

Sri Lanka’s foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec